Energy Business
Molly Glick
Molly Glick
Energy Central Team
·Posted in Energy Business
Thu, May 7

NEWS: Data centers are forcing utilities into a pricey balancing act.

  • AEP is flooring it: The company raised its five-year capital plan to $78B, just a few months after setting it at $72B. Why? It signed 7 GW of new load agreements in Q1. Nearly 90% of its expected 63 GW of contracted load growth by 2030 is tied to data centers.

  • Exelon is tapping the brakes…sort of: To ease bill pressure, Exelon will shave $350M off planned utility spending next year—and boost transmission investments by $1.5B. Its transmission rate base is set to grow 16% annually through 2029, in part to bring data centers online.

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